The group has purchased 7 cows to start a household level Dairy. The cows on an average give 40 liters of milk per day. The milk is sold to the local Milk Co-operative Society. The group is able to generate an income of $240 per month. This enterprise has changed their living standard in terms of health, education for children and incoming earning opportunity.
Banking
as an Enterprise
Location
Reddiar
chattram , Kannivadi, Tamil
Nadu
Geographical
Map
The Group
Kulumai
Federation of SHG
Date
of Loan Disbursement
June 2003
Loan Amount
Rs. 2,00,000
(Rs.30,000 from this Bank)
Activity
'Kulumai Federation consists of 104 Self Help Groups with 1560 members in the Kannivadi region. Each SHG has got two representative in the Federation. The Federation has a savings of Rs.1,00,000/- from the contribution received from the groups.
By taking interest-free loan of Rs. 2,00,000/ they lent small amounts to the Groups to meet their urgent domestic, personal and business requirements.' Kulumai meets the banking needs of the groups at grassroot's level. From the profits earned they were able to repay the loan and meet the working expenses of the Federation.
